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3.69%p.a. (CR NA) Mortgage Finance & $3000 Cashback from Naritas

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3.69%p.a. (CR NA) Mortgage Finance & $3000 Cashback from Naritas
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Cashback
Associated[Deactivated] on 29/09/2015 - 11:52 naritas.com.au (461 clicks)
Last edited 29/09/2015 - 13:17 by 1 other user

For a limited time only let Naritas help you make the switch to Newcastle Permanent

Make the switch to Newcastle Permanent using Naritas and you could get a great rate on your mortgage & cashback at settlement!
  • $2000 cashback on a minimum loan size of $150,000. This offer is for owner occupied home loans only and loans must be refinanced to a Newcastle Permanent Premium Plus Package Home Loan from another financial institution.*
  • $3000 cashback on a minimum loan size of $500,000. This offer is for owner occupied home loans only and loans must be refinanced to a Newcastle Permanent Premium Plus Package Home Loan from another financial institution.*^
  • $1000 cashback on new purchase finance, minimum loan size $500,000.^ This offer is for owner occupied home loans only.

Premium Plus Package Home Loan:

  • 2 year fixed rates from 3.69%p.a.** CR NA†
  • Variable rates from 3.99% p.a.** CR 4.35%† p.a.

See how much you could save when you switch to Australia’s Home Lender of the Year 2015.

Newcastle Permanent has some of the most competitive loans in the country, and you could qualify for their special packaged home loan discount rate if you have:
  • More than 10% equity, or
  • Minimum home loan of $250,000
Newcastle Permanent’s Premium Plus Package comes with a 5-star Canstar rating and a range of great features:
  • 100% Offset Facility
  • $0 annual Value+ Credit Card Fee
  • Redraw on additional repayments when you need extra cash
  • $0 application fee for Personal and Car Loans
  • Discounts and benefits available on other products
*Newcastle Permanent Building Society Cashback Terms & Conditions:
  • (1.) This offer is provided by Newcastle Permanent Building Society Ltd ABN 96 087 651 992 of 307 King Street Newcastle NSW 2300 (“NPBS”).
  • (2.) This offer commences 31 August 2015 and closes 30 November 2015 (“Offer Period”).
  • (3.) This offer is open to Australian residents only, including employees of NPBS and their immediate family.
  • (4.) A payment under the Cashback Offer (“Cashback Payment”) will be paid for residentially secured owner occupied home loans refinanced from another financial institution to NPBS’ Premium Plus Package Home Loan or Premium Plus Package Credit Facility during the Offer Period subject to conditions 5 to 14 below.
  • (5.) A borrower must refinance to NPBS’ Premium Plus Package Home Loan or Premium Plus Package Credit Facility a residentially secured owner occupied home loan from another financial institution to be eligible for the Cashback Offer. A borrower’s loan application in conjunction with this Cashback Offer will be subject to NPBS’s usual credit assessment and approval processes.
  • (6.) The Cashback Payment is $2,000 where as a result of a refinance under the Cashback Offer, the total loan refinanced, either jointly or individually with NPBS is $150,000 or more.
  • (7.) The initial loan application must be received during the Offer Period.
  • (8.) The approved loan must be funded by 29 January 2016.
  • (9.) A borrower is eligible for a Cashback Payment only once during the Offer Period. Once a loan application that is eligible for a Cashback Payment is received, no further loans which include that borrower, jointly or individually will be eligible for a Cashback Payment.
  • (10.) Fees and charges apply to loans taken out under this Cashback Offer. Refer to the Facts for Mortgage Loans Fees and Charges brochure or the Mortgage Loan Schedule for details. http://www.newcastlepermanent.com.au/Personal/FeesandCharges…
  • (11.) The Cashback Payment will be deposited to the loan account for the refinanced loan after the settlement date. The Cashback Payment will not be made to the borrower in “cash” (i.e. notes and/or coin) or cheque.
  • (12.) A borrower cannot transfer or assign their right to the Cashback Payment to any other person.
  • (13.) NPBS accepts no responsibility for any tax implications that may arise from the Cashback Offer. The borrower should seek their own independent advice in this regard.
  • (14.) Participation in the Cashback Offer is deemed acceptance of these terms.
^Naritas Finance Cashback Terms & Conditions:
  • (1.) This offer is provided by Naritas Finance Pty Ltd ABN 74 096 341 061 of Level 1, 357 Military Road, Mosman, NSW, 2088 (“Naritas”).
  • (2.) This offer commences 28 September 2015 and closes 30 November 2015 (“Offer Period”).
  • (3.) This offer is open to Australian residents only.
  • (4.) A payment under the Cashback Offer (“Cashback Payment”) will be paid for residentially secured owner occupied home loans settled during the Offer Period subject to conditions 5 to 14 below.
  • (5.) A borrower must refinance or purchase using Naritas to arrange a NPBS’ Premium Plus Package Home Loan or Premium Plus Package Credit Facility to be eligible for the Cashback Offer. A borrower’s loan application in conjunction with this Cashback Offer will be subject to NPBS’s usual credit assessment and approval processes.
  • (6.) The Cashback Payment is $1,000 where the total loan financed, either jointly or individually with NPBS is $500,000 or more.
  • (7.) The initial loan application must be received during the Offer Period.
  • (8.) The approved loan must be funded by 29 January 2016.
  • (9.) A borrower is eligible for a Cashback Payment only once during the Offer Period. Once a loan application that is eligible for a Cashback Payment is received, no further loans which include that borrower, jointly or individually will be eligible for a Cashback Payment.
  • (10.) Fees and charges apply to loans taken out under this Cashback Offer. Refer to the Newcastle Permanent Facts for Mortgage Loans Fees and Charges brochure or the Mortgage Loan Schedule for details. http://www.newcastlepermanent.com.au/Personal/FeesandCharges…
  • (11.) The Cashback Payment will be deposited to the loan account for the refinanced loan after the settlement date. The Cashback Payment will not be made to the borrower in “cash” (i.e. notes and/or coin) or cheque.
  • (12.) A borrower cannot transfer or assign their right to the Cashback Payment to any other person.
  • (13.) Naritas accepts no responsibility for any tax implications that may arise from the Cashback Offer. The borrower should seek their own independent advice in this regard.
  • (14.) Participation in the Cashback Offer is deemed acceptance of these terms.

**Special Discounted Rate applies to minimum loan size of $250,000 or Loan to Value Ratio under 90% (more than 10% equity). Terms and conditions apply.
† The Comparison Rate is calculated on a loan amount of $150,000 for a term of 25 years based on monthly repayments. WARNING: This Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison Rate.

Naritas Finance Pty Ltd ACN 096 341 061, Australian Credit Licence 441 723

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closed Comments

  • 2stroksmokr on 29/09/2015 - 12:17

    Wow that's super low! If only I didn't refinance to Bankwest 4 months ago :(

    • altomic on 29/09/2015 - 12:20

      I'm with bank west with 4.24% what's your rate?

      • 2stroksmokr on 29/09/2015 - 12:23

        4.17% for 3 years variable.

        • edgar28 on 29/09/2015 - 12:58

          i asked for that rate and bankwest said if i borrow 1.5M…….

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 12:56

      Oh what a pity! That said it's a new offer and has taken a lot of people by surprise because it is so ahead of the market at present.

  • Sidor on 29/09/2015 - 12:47

    any deals on investment properties loans ?

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 13:40

      Hi Sidor, yes there are. Our most popular public offer (which is different to the owner occupied offer listed above) is a 2 year fixed at 3.94%p.a. (CR .4.42%p.a.) and a variable at 4.13%p.a. (CR 4.27%p.a.). We do have cheaper offers, but they are strictly available ad hoc and only to strong borrowers with relatively simple requirements. Should you wish to discuss your needs, please refer here: https://www.naritas.com.au/contact-us/office-location/ - Hope this helps.
      PS To anyone wondering, rates aren't as sharp for investment lending recently due to changes brought on by APRA guidance (https://www.naritas.com.au/latest-news/apra-motivated-lendin…).

  • aggregate on 29/09/2015 - 12:54

    Why is the comparison rate higher than the advertised rate - what fees are not mentioned?

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 13:05

      Hi there, A full list of fees and charges is available here: http://www.newcastlepermanent.com.au/Portals/1/Personal/PDFs…
      NB: The comparison rate is modelled for a $150,000 loan over 25 years. Generally speaking, this offer is best suited to loans larger than $150,000 and with loan offers on a 30 year term (NPBS mortgages are typically over a 30 year term, not 25 years, for borrowers under 55 years of age). Hope this helps :)

  • mocha_latte on 29/09/2015 - 13:18

    How do fixed rate & offset work together? (genuine question)

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 13:33
      +1

      Hi there, great question. Generally speaking (i.e. not financial advice - in accordance with OzBargain terms), NPBS makes 100% offset accounts available through its variable products (not fixed products). Furthermore, the way most people who want an offset account AND the 3.69%p.a. (CR NA) rate would get both is to establish a no-cost split between fixed and variable. Even a small variable of $20,000 would provide this functionality. Hope this helps.

  • smoke87 on 29/09/2015 - 13:57

    Largely a duplicate of the previous cash back offer though I suppose the $3000 cash back on larger loans is a new feature of the previous offer.

    When I enquired the initial fees to setup with Naritas totaled over $1000… Not economical for me to break with Ubank at this point. If you were to say waive all applications fees for loans under 80% LVR and cash back of $3000 you'd get my application.

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 14:08

      Hi Smoke87, I think you will find there are two critical differences here: 1. This offer also applies to purchases (not just refinances like other offers). 2. As you correctly point out, this offer adds a further $1000 for $500k+ borrowers.

      In terms of set up costs, I am not sure where you get the $1000 from, perhaps you could care to explain? There is no application fee under the Premium Plus Package and the first valuation is free. There are some standard charges such as mortgage registration and document costs, but these are typically ~$200. Hope this helps.

      • smoke87 on 01/10/2015 - 17:27

        Not long after using the contact page to request more information about the previous offer, one of your colleagues wanted $550 in application fees, around $180 for solicitors fees and then 'estimated' a valuation fee of $280. This was in addition to the statutory fees. If these fees aren't applicable any longer I may give your people a call and try again!

        • Associated[Deactivated] @ Naritas Finance on 01/10/2015 - 17:43

          Hi smoke87,

          If you PM the details of the person you spoke with I'd be most appreciative as the information you are quoting is not correct.

          The correct figures for this deal are:
          Mortgage registration ~$110 (varies per state)
          Mortgage discharge registration ~$110 (if refinancing and varies per state)
          Legals $48 (unless it's a complex lending structure such as a trust - in which case, it would be quoted ad hoc - such structures are highly uncommon for owner occupied borrowers)
          No application fees under the Premium Plus Package (which is the package referenced in this deal).

          Hope this helps :)

  • Dealsclaw on 29/09/2015 - 14:25

    what is the best interest rate for refinance I can get for owner occupier with interest only loan? we got excellent credit history and stable good jobs

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 14:37

      Hi there, thanks for the question. Due to the Ozbargain site terms (& Australian credit laws governing advice) we can't provide you specific product recommendations via this medium. We'll send you a message via PM with the contact details of one of our Credit Advisers who can assist you further via the appropriate channels :)

      • splats on 29/09/2015 - 18:29

        Would appreciate a pm as well re: interest only owner occupier refinance. Thanks

        • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 19:11

          Hi there, thank you for your enquiry. I've just sent you a PM now with details for one of our Credit Advisers who can assist :)

  • Buff on 29/09/2015 - 15:07

    I am going to see my finance broker next week… Is this deal better than ING posted awhile back.. Time to refinance…Commonwealth is offering 4.21% fixed? Is this a good time to lock interest rate or wait…any speculation more interest rate cut in upcoming weeks?

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 15:48

      Hi Buff, thanks for the questions. Unfortunately the Ozbargain site terms and Australian Credit Laws prevent us from you giving you any financial product advice in this forum vis a vis specific loan comparisons and finance strategy (fixed vs variable). So apologies in advance for answers that may be considered vague or general. We'll send you a message via PM with the contact details of one of our Credit Advisers who can assist you further with specific answers via the appropriate channels.

      In the meanwhile, however, we can give you some general facts that might help you make some decisions:
      1. The deal we've submitted provides an extremely generous set of rebates (as you can probably see). These rebates ought to offset many of the costs of establishment and annual fees that you may otherwise encounter with other lenders who are offering similar headline interest rates (we think you may be referencing a 3.99%p.a. variable offer in comparison to this deal - it appears to carry annual fees, establishment fees and no rebate - please correct us if we're wrong?).
      2. ING is also on our lender panel and to our knowledge their fixed rate products are more expensive than the NPBS 1, 2 and 3 year offers. The exception being their 5 year fixed. Further details here: https://www.naritas.com.au/widgets/rates-widget/?t=hl
      3. As with all financial products, rate and fees only form part of the story. Qualitative elements such as customer service, product functionality, the quality of the institution behind the offer and the consistency of pricing (for example, no point in getting a great variable rate only to have it raised quickly after settlement) also play a part in many people choosing a product. NPBS has done particularly well in such respects for a very long time: http://www.newcastlepermanent.com.au/tabid/1261/Default.aspx

      Hope this helps :)

  • nepal on 29/09/2015 - 17:17

    if moving from homeside NAB, will the offer be still valid. thanks

    • Associated[Deactivated] @ Naritas Finance on 29/09/2015 - 17:22

      Hi binodnepal, thanks for question. Yes, the offer will be valid (assuming the other Ts&Cs listed in the deal are met). Hope this helps :)

  • dumkaze on 30/09/2015 - 05:50

    Is there any annual fees With premium plus package ?

    • Associated[Deactivated] @ Naritas Finance on 30/09/2015 - 08:19

      Hi Dumkaze, thanks for the question. Yes there is an annual fee for the Premium Plus Package (http://www.newcastlepermanent.com.au/Personal/HomeLoans/Prem…). It is $375p.a.

      The Premium Plus Package delivers the following features:

      PS Please excuse the heading text, we're still trying to figure out how to add bullet points and a heading seemed to be the only way!?

      Hope this helps :)

      • smoke87 on 01/10/2015 - 17:31

        So essentially an annual fee for features other banks offer at no charge as standalone products. You may want to rethink this product. Just drop the application fee and associated features, don't incur those costs to your business (assuming no forward commitment already…) and pass on the discount to customers. On smaller loans this annual fee can chew up a huge chunk of he savings are are offering through lower rates versus offers from other banks

        • Associated[Deactivated] @ Naritas Finance on 01/10/2015 - 17:54

          Hi Smoke87,

          Thank you for your feedback.

          Regarding the reference to other banks offering the same for less or free, our understanding is that most of the banks are charging ~4.3+%p.a. for variables (often more for small loans), are typically 40 to 100 basis points per annum more for a 2 year fixed loan and carry an annual fee for a product that offers an included 100% offset, no ATM transaction charges and free 55-day interest free credit card (ANZ $375 for Breakfree, NAB $395 for Choice Package, CBA $395 for the Wealth Package, $395 for Westpac Premier Advantage Package fee, $395 for St George Advantage fee).

          Lastly, regarding application fees - there is no application fee under the Premium Plus Package referenced in this deal.

          Hope this helps :)

        • smoke87 on 02/10/2015 - 09:19

          @naritas: right but you need to broaden your analysis of the market. The big banks are not competitive and these are advertised rates only. My old man has a .9% discount just as an employee and negotiated a further .15% off with CBA.

          Some consumer will value a one stop shop, others especially on ozbargaib will get these accounts free elsewhere and finance at whoever produces the lowest cost; often not a big bank.

  • stibbzy on 30/09/2015 - 09:44

    Is the link dead for anyone else?

  • cheapfab on 30/09/2015 - 10:16

    Does LMI get charged for LVRs between 80 and 90 percent ?
    Also is the fixed rate quoted applicable to interest only ?

  • Associated[Deactivated] @ Naritas Finance on 30/09/2015 - 10:37

    Hi Cheapfab, great questions.

    Does LMI get charged for LVRs between 80 and 90 percent ?

    For most applicants it will be charged for LVRs between 80 & 90% with this offer. Exceptions may apply to borrowers with strong credit profiles and to medical professionals. I'll send you a PM now with the contact details of one our Credit Advisers if you wanted to run a specific scenario by them.

    Also is the fixed rate quoted applicable to interest only ?

    In short, no. APRA has put pressure on many of the major lenders to toughen lending standards (https://www.naritas.com.au/latest-news/apra-motivated-lendin…). As a consequence of such industry-wide moves, interest only repayments on owner occupied home loans are generally not available from NPBS for this offer. Exceptions may apply in certain circumstances for strong borrowers.

    Hope this helps :)

  • Buff on 11/10/2015 - 13:51
    +1

    Did anyone pursue Neritas? Any feedback? Is it all worth it?

  • ady211 on 16/10/2015 - 15:26
    +1

    I have applied for it, started the procedure 2 weeks back. I feel it's a good deal in my case. I think NARITAS has more procedures (filling consent forms, etc) not sure if other brokers has same kind of deal. I am applying because of interest rate and cash back.

  • denis7 on 19/10/2015 - 18:51

    Hi ady211

    Do you want to refer me to get $250?

    https://www.naritas.com.au/latest-news/refer-a-contact-you-b…

    I am starting the process now

    PM me

    • babrap on 22/10/2015 - 09:04

      I am about to sign up to this. If anyone wants to PM me to be a referrer, be my guest! :)

      • denis7 on 22/10/2015 - 09:21

        thanks for responding and interested in being your referrer; unfortunately looks your PM is disabled.

        • F1Maniac on 22/10/2015 - 22:42

          i am jumping on this bandwagon too. goodbye CBA. ING direct loan, perhaps we should do a random referrer thingy here. pls do pm so we can get the 250 referral credit. cheers

        • denis7 on 22/10/2015 - 23:44

          @F1Maniac: PM Sent

    • cokito on 30/10/2015 - 13:21

      Same here! I am about to sign up to this deal. If anyone is after the deal and wants a referral, please PM me!

  • Bitterballen on 24/10/2015 - 07:59

    I have also started talking to Andrew at Naritas and am going to refinance but would like to sweeten the deal so if you are in the same boat with a loan size over 250K please PM before engaging Naritas and i'll refer you so we both get the $250 bonus when we settle.

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